The deal will foster industrial cooperation between the two.

Oil prices fell Wednesday on worries over weakening demand in the slowing global economy as Federal Reserve Chief Jerome Powell acknowledged interest rate hikes could lead to a recession. US stocks had a choppy session, pushing into positive territory for a time after Powell reiterated the need to counter soaring...

Wikipedia, one of the world's most visited websites, is free to use, updated by volunteers and relies on donations to keep afloat.

Surging energy costs are fueling global inflation, with official data Wednesday showing the British annual rate hitting a fresh 40-year high above nine percent.

The trade exchange volume between Saudi Arabia and Jordan reached 16.6 billion riyals ($4.42 billion) in 2021, compared to 11.6 bn riyals in 2020. The federation of Saudi Chambers of Commerce and Industry said this in its economic report released Wednesday 22 June 2022. Moreover, the volume of Saudi exports...

Costs soar for the Qatari capital's limited accommodation. FIFA president Gianni Infantino said there were five million requests for tickets for the final at the 80,000-seat Lusail stadium, indicating feverish demand for the first World Cup in the Middle East.

Abbas Emami, 88, Iran's oldest pistachio wholesaler, readies to hand his business to daughter Marjan in male-dominated trade.

The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and EDGE Group, one of the world’s top 25 advanced technology groups for defence, have signed a mutual agreement to support the Group's manufacturing development. The agreement is in line with the UAE’s Fourth Industrial Revolution program,...

The head of Qatar Airways on Tuesday accused plane-maker Airbus of acting like a "bully" as their billion-dollar dispute over peeling paint looked no closer to a resolution.

Propelled by inflation, the price of air tickets has begun to take off again after tumbling during the pandemic, a reversal that looks set to intensify due to environmental pressures, experts say. In the United States, the average price of an internal flight has shot up, from $202 in October...

There is a new sight on the streets of Havana: increasing numbers of electric vehicles whizzing among the old American cars so emblematic of the Cuban capital.

QFB will finance the purchasing consortiums investment vehicle by providing 20 million Euro.

Facebook has become a multi-billion dollar advertising juggernaut with its large amounts of user data that allow companies to more precisely target certain demographics.

Equities struggled Wednesday after a brief respite from last week's painful rout across world markets, with recession fears continuing to build as central banks hike interest rates to combat inflation. Fears about a global contraction have also put downward pressure on oil prices.

In spite of high inflation, residents of the GCC countries are seeking newer destinations in Europe and beyond to travel to, Trupt Shah of Musafir.com tells TRENDS.

UAE's Financial Restructuring Committee has formed a Consultative Council to provide an open discussion forum between the FRC and experts in the field of financial reorganization of defaulting companies and bankruptcy cases.

Oman Air's joining will add new destinations to the Oneworld network including Duqm and Khasab in Oman and Chittagong (Bangladesh).

The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and cybersecurity" and were worth $7.7 billion, Egyptian daily Al-Ahram said.

The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the same period in 2019.

ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural gas reserves.

Lebanon's crumbling electricity sector has cost the country more than $40 billion since the end of its 1975-1990 civil war.

Business magnate Elon Musk said Tuesday that his $44 billion move to take over Twitter remained held up by "very significant" questions about the number of fake users on the social network. Musk was reluctant to talk about the deal when asked at the Qatar Economic Forum, saying it was...

UAE's Minister of Industry Dr Al Jaber said at the 'Make it in the Emirates' Forum that the national industrial strategy will leverage the country's competitive advantages to build a strong industrial sector and will help develop a diversified, self-sufficient and sustainable economy

Created in 1900 by the brothers Andre and Edouard Michelin of the tyre company Michelin for motorists, the guide has become a reference for food lovers.

TAQA, ADNOC, and Mubadala enter binding agreements worth $1.9bn.

Identifies $19bn worth of products that can be manufactured in UAE.

Crude oil exports of Saudi Arabia grew 147,000 barrels per day in April to 7.38 million, a level not seen since March 2020 when the Kingdom’s exports were 7.39 million bpd.

Each carrier has a carrying capacity of 320,000 deadweight tonnage.

Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a "huge improvement"...

The CEO of IMI Nart Bouran reportedly visited Al Roeya's Dubai office to announce that the management has decided to close down the newspaper.

The partnership will enable access to a global hydrogen knowledge database and encourage cooperation with related initiatives and concerned entities.

Emirates Development Bank (EDB) will participate in the first "Make it in the Emirates Forum" to be held on 21-22 June at ADNOC Business Centre, Abu Dhabi. It will use the Forum to underline how its range of flexible financing solutions can help large corporates and SMEs to expand, diversify...

ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent share, but the same as Italy's ENI, announced on Sunday, said Energy Minister Saad Sherida al-Kaabi.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said the Expo site will be transformed into Expo City Dubai, which will be home to a new museum, an exhibition center and free of single-use plastic.

The news channel will combine the digital first knowledge within the IMI group with the brand recognition and newsgathering capabilities of CNN.

The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers and exporters.

It has tied up with Cognite to bolster digitization in MENA.

The agreement is the first of its kind that the UAE has signed with any country, and it is India's first with any country in the Middle East and the Gulf region.

Ajman's Department of Finance (DoF) has teamed up with Oracle to adopt a cloud-based resource management system that enables more efficient finance, supply chain and HR functions.

Putin and Arab leaders focus on boosting relations in various fields -- including technology, food security and energy -- during Saint Petersburg International Economic Forum 2022.

Dubai Customs Consultative Council held a meeting on the historic UAE-India Comprehensive Economic Partnership Agreement, expected to increase trade between the two countries by 120 percent to US$100 billion within five years.

The international arrivals in Qatar exceeded 166,000 people in May, making it the month with highest number of visitors in 2022. Qatar Tourism said that unique events in the previous months like ‘Eid in Qatar’ were also a reason for large influx of visitors in Qatar. The figures represent more...

Berlin has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion to 35 percent -- thanks to increased deliveries from countries like Norway and the Netherlands.

Firms in the region are now offering better participation, levels of cooperation and communication to their staff through productive workspaces in virtual offices. TRENDS takes a look at the some of the UAE's metaverse initiatives.

Roads and Transport Authority’s revenues collected through digital platforms increased by 32 percent in 2021, said Mattar Mohammed Al Tayer, Director-General RTA. RTA’s total digital revenues amounted to AED3.5 billion ($952 million), compared to approximately AED2.65 billion in 2020. The number of digital transactions reached 676 million last year, a...

The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change and the country will achieve the objectives to diversify energy sources and climate neutrality by 2050

In a virtual meeting Qatari minister, US Embassy officials, American Chamber of Commerce personnel, government officials and representatives of the private sector from both countries participated and discussed the growth of the digital economy in the Middle Eastern country.

Eni will own a stake of just over three percent in the $28 billion North Field East project, the world's biggest natural gas field, said Qatar's Energy Minister Saad Sherida al-Kaabi, who is also president and CEO of state-owned Qatar Energy. France's TotalEnergies was its first, and largest, foreign partner...

Bitcoin plunged below $20,000 on Saturday, shedding nine percent from the previous day to fall to $18,740, its lowest level since December 13, 2020. The value of the global crypto market fell below the symbolic $1 trillion mark on Monday after reaching $3 trillion in November of last year.

The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts and the amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions at home and abroad.